TaxTMI 
TaxTMI 
Department of Financial Services notifies amalgamation of 26 RRBs in fourth phase of amalgamation
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....epartment of Financial Services notifies amalgamation of 26 RRBs in fourth phase of amalgamation<BR>News and Press Release<BR>Dated:- 8-4-2025<BR><BR>Department of Financial Services (DFS) has notifie....
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....d amalgamation of 26 Regional Rural banks (RRBs) on the principles of "One State One RRB". This is fourth phase of amalgamation of RRBs. Considering the improvement in efficiency of the RRBs due to a....
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....malgamations in the past, Ministry of Finance had rolled out an amalgamation plan in November-2024 for consultation with stakeholders. After consultation with stakeholders, amalgamation of 26 RRBs in ....
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....10 States and 1 UT have been carried out with primary focus on improvement in scale efficiency and cost rationalization. At present, 43 RRBs are functioning in 26 States and 2 UTs. Post amalgam....
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....ation, there will be 28 RRBs in 26 states and 2 UTs with more than 22000 branches covering 700 districts. Their predominant area of operation is in rural areas with approx. 92% of branches in rural/se....
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....mi urban areas. This is fourth phase of amalgamation. In previous 3 phases viz. Phase-I (FY 2006 to FY 2010) number of RRBs were reduced from 196 to 82, Phase-2 (FY 2013 - FY 2015) number of RRBs wer....
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....e reduced from 82 to 56 and Phase-3 (FY 2019 to FY 2021) number of RRBs were reduced from 56 to 43. Click here for the gazette notification.<BR> News - Press release - PIB....